We're back for Season 6 of the #WorkBold Podcast!
Caleb Parker, Founder of Bold, is back to challenge the status quo in commercial real estate on the only podcast in the world dedicated to the future asset class called Space-as-a-Service (SPaaS).
Now downloaded in over 50 countries, this season includes a few featured episodes recorded on Caleb's trip to Canada, as well as other episodes with leading experts in commercial real estate from around the world.
Resource Links:
- TSK Insights: https://tskgroup.co.uk/insights-and-articles/
- Bold expands to Manchester: https://allwork.space/2021/11/bold-to-unveil-manchester-space-as-a-service-community-as-demand-for-flexible-space-soars/
- Future of CRE VIDEO 1 by Sam Gamble: https://www.linkedin.com/posts/sam-gamble-cloudworks_were-at-the-20-month-mark-of-a-worldwide-activity-6863999951257645056-l6fh
- Future of CRE VIDEO 2 by Sam Gamble: https://www.linkedin.com/posts/sam-gamble-cloudworks_workbold-activity-6866183962713296896-e1Gm
- CBRE Research on hybrid work: https://www.cbre.com/insights/articles/how-hybrid-work-will-transform-our-workplaces
(Read the transcript of this trailer below)
Welcome back to the WorkBold podcast
Where we chat with the leaders in commercial real estate to answer all questions Space-as-a-service.
This podcast is for anyone involved in commercial real estate in any way. If you’re an investor, fund manager, developer, property manager, agent or broker, be sure to subscribe so you don’t miss an episode.
I’m your host, Caleb Parker, and you’re listening to a preview of season 6.
Over the next 10 weeks we’ll drop a new episode with the leading experts in commercial real estate sharing insights to help office investors operators AND customers understand how to win in the #FutureOfWork.
We have a solid lineup, including office customers like Twitter, Sensei Labs, the infamous John Ruffulo (the leading venture capitalist in Canada) and many more.
If you’re tuning in for the first time, I am Caleb Parker, Founder of Bold, the Space-as-a-Service brand for entrepreneurs and innovators, and as part of the NewFlex family of brands we’re merging property management & Space-as-a-Service to drive asset value and help office customers grow faster.
You may have seen we just announced our first Bold community in Manchester, England. This takes our group portfolio to 1 million 35,000 sqft under management in partnership with some of the world’s most forward thinking asset managers. I’m personally super excited to support & champion entrepreneurs in Manchester who are making a positive impact on the world.
This season has started later than I wanted it to.
Partly because of some of the deals I’ve been working on have taken a lot of attention. Combined with the fact that over the last couple months I’ve traveled to France twice, Germany, Poland, Sweden, Canada, the Maldives (for a cheeky holiday) and Manchester multiple times (naturally), I have to admit it’s been a challenge.
But with challenges come opportunities, and while I was in Canada for meetings I was able to record a couple podcasts face to face for the first time since the pandemic began. That was fun!
So what are we talking about in Season 6?
I won’t spoil all the surprises, but let me share the following:
We’re now in The age of #SpaceAsAService
Offices have been evolving since their inception, and we’re seeing significant demand for bigger changes today.
FACT
Many of us no longer have to be inside an office building 5 days each week to generate stellar results.
My friend, office developer & landlord, Sam Gamble says "The binary choice between work from home (#WFH) and work from the office is a false dichotomy."
That’s a quote from 1 of Sam’s 2 brilliant videos on the future of CRE.
I love Sam’s quote because as I've said before, the future is about the +
The best office assets going forward will cater to this reality and be much more dynamic than the static white boxes currently on the market.
The [repurposed] office has a crucial role to play as a tool in the platform of work. (And it doesn’t feel like a return to the past)
WELCOME TO THE AGE OF SPACE-AS-A-SERVICE
✅ Where inclusive cultures thrive
(no matter how distributed a company is)
✅ Where Team members enjoy impromptu collaboration
(online ➕ in person)
✅ Where Junior team members benefit from knowledge transfer, even if the boss is on the golf course
(because of asynchronous support)
✅ Where Customers are hosted at offices that work as windows to a company’s business culture and ethos
(because of the real estate brands they choose to do business with)
✅ Where Everyone feels taken care of because they can tap into the hospitality & service they need
(on-demand)
PLUS NOT VERSUS
According to a research by CBRE
- 87% of large companies with 10,000 or more employees say they will be adopting hybrid work
- “Companies that successfully adopt hybrid work have the potential to create more productive workplaces, embrace flexibility and retain valuable talent.”
Historically, companies have averaged around 65% in total space utilization. Someone with an assigned space at an office was likely present about two-thirds of the time, accounting for vacation, sick days, business travel and other events.
But in this research paper, CBRE predicts this number will likely approach 75-80% as companies see more people using shared assets or more people using less directly held space. That dynamic will reduce the need to hold vacant space in reserve.
I keep saying The future of work = the future of CRE
So what does this mean for commercial real estate?
Call me biased, but I believe nearly every asset manager should be bringing in flex with hospitality & service to support these new ways of working, and to complement traditional leasing strategies.
The successful building of the future will deploy the 5 Pillars of Space-as-a-Service
Don’t know what the 5 Pillars are?
Well, reach out to me and let’s have a chat.
Before I conclude this trailer I have something else to share with you.
Every since season 2 of this podcast we’ve had various companies approach us offering to pay for advertisements on the episodes. We’ve politely declined because that’s not the purpose of the podcast.
I am committed to keeping our focus on discussing all things Space-as-a-Service and sharing creative ideas that will help our industry lean into the future,, because as you’ve just heard, I believe SPaaS is the future of our industry.
With that said, I believe in challenging the status quo.
What if we said yes to a sponsor or advertiser, IF (and that’s a big IF) if any advertisement had to contribute to the sharing of creative ideas that this podcast is known for.
Could we create something that synchronized naturally throughout our episodes.
Or would it be a distraction?
So we’re going to challenge the status quo of our own podcast, and test something new.
We’re going to weave in some advertisements into the episodes this season, but they’ll just be more creative ideas that you can benefit from.
I’d love your feedback on how we’re doing.
So with that preamble, I’d like to announce TSK as the headline sponsor for Season 6.
I’ve gotten to know TSK well over the last couple years and I’ve been inspired by their approach to workplace design and consultancy - and there is a lot of alignment in how we both think about putting the customer at the centre of the universe. So when the idea of sharing some of their insights regularly throughout the season was discussed I got excited.
If you don’t know them already, TSK creates super cool and inspiring workplaces for some of the world’s biggest brands across the UK and Ireland. They’ve been working for 25 years to deliver the best employee experiences and the vision of their clients. Not only do they create great places to work, TSK also share workplace content every week, from the latest data - to inspiring spaces they’ve designed and built. You can read their latest insights at www.tskgroup.co.uk or check out their LinkedIn and Instagram pages for inspiration like I do.
Thank you for listening to this Season 6 intro, we have a great season ahead with a focus on the office customer, infinite mindsets, company culture, the changing demand for offices, and more expert discussion on Space-as-a-Service.
Don’t forget to subscribe in iTunes, or your preferred podcast listening app.
And remember, Fortune Favours the Bold.
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